Lynx FBO Network is a national platform of premier fixed based operator (“FBO”) locations across the United States.
Sterling Partners had previously built two other FBO networks. Sterling formed a partnership with a past management team to build Lynx into an integrated network of strategically located FBOs.
Chad Farischon and Tyson Goetz,
No sponsor knows our industry better than The Sterling Group. We have worked with them in the past and have seen firsthand that they do what they say they will do. They were the obvious choice as a partner for Lynx.
Founding Partners, Lynx FBO
Lynx FBO Network provides fixed based operator (“FBO”) services, including fueling, ramp and hangar rental, to the general aviation industry through a strategic network of locations across the United States.
After years of researching and developing a theme in the general aviation space, in 2016, Sterling partnered with members of a past management team, with over 50 years of combined experience leading FBO businesses, to pursue a buy-and-build strategy within the highly fragmented FBO industry. Establishing Lynx FBO, Sterling first acquired an FBO location in Destin, Florida and over the course of the four years, made a total of ten acquisitions in nine locations, building a leading network of FBOs in attractive markets across the United States.
In creating a best-in-class platform, Sterling and Lynx emphasized identifying and executing strategic acquisitions that would each contribute to a stronger collective network. With each acquisition, Sterling worked with management to build an integrated and efficient platform, including leveraging network buying power with key vendors, implementing company-wide branding, and consolidating administrative spend across the network.
*The experience cited here is not necessarily reflective of all who have partnered with Sterling. Past performance does not guarantee future results. Further, this individual is not an investor in any of Sterling’s affiliated investment funds, but was previously employed by a portfolio company of Sterling’s and it is possible such individual may wish to be employed by a Sterling portfolio company in the future. While this individual was not compensated for this endorsement, this individual was compensated as an employee of the portfolio company during its partnership with Sterling, and it is possible that this individual may have received or in the future receive other tangible benefits from Sterling.